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Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 24 Jun 2014

How confused is this? California defines LLCs subject to new law to include foreign LLCs

The California Revised Uniform Limited Liability Company Act. Which took effect on January 1 of this year, provides the statutory framework for the

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 17 Jun 2014

This legislative lacuna looms large in RULLCA

I expect that most limited liability company operating agreements specify how profits and losses are to be allocated among members. Sometimes, they

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 22 May 2014

Looking for the list of OTC margin stocks? You’ll find it in California’s new LLC Act

When originally enacted, the Securities Exchange Act of 1934 banned brokers and dealers from extending margin credit on over-the-counter (OTC)

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 20 May 2014

This volte-face might prove problematical for LLCs

Under the Beverly-Killea Limited Liability Company Act, the articles of organization prevailed over conflicting provisions of a written operating

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 9 May 2014

If it’s an LLC, why cite corporate law?

I continue to be surprised when courts refer to state laws governing corporations when the subject entity is a limited liability company. A recent

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 7 May 2014

Defendants owed no duty, but still liable

In Am. Master Lease Llc v. Idanta, 2014 Cal. App. LEXIS 402 (Cal. Ct. App. 2014), the Second District Court of Appeal resolved the following four

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 21 Apr 2014

Why October 1, 2014 is an important date for management persons of Nevada entities

Two years ago, the Nevada Supreme Court in an en banc decision held that a state district court may exercise jurisdiction over the nonresident

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 11 Apr 2014

And you thought dissenters’ rights didn’t apply to Delaware LLCs

Delaware's Limited Liability Company Act provides that a limited liability company agreement or an agreement of merger or consolidation or plan of

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 7 Apr 2014

California RULLCA’s impossible pleading requirement for derivative suits

California's Revised Uniform Limited Liability Company Act requires a member of a domestic or foreign LLC to include two specific allegations in any

Article

Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 2 Apr 2014

Foreign LLCs take note: this legislative oversight may affect you too

Investments and the sale of stock or an interest in a business in connection with the securing of a position are illegal as against the public policy

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